Wednesday, Non-Farm Payrolls Incoming, Continue Shorting

Tonight at 9:30 PM, the Non-Farm Payrolls data will be released. The situation looks grim; the previous value was 4.4%. Whether it is higher or unchanged, it will be considered weak and bearish. Our bearish shorting strategy remains unchanged.

Bitcoin has been consolidating for several days, with a range bound by ups and downs. However, today during the European session, it has already broken below 67,000. A break confirms the continuation downward. Key support is at 62,000; a break below that targets the previous low.

In the afternoon, consider shorting around 67,300 directly with a light position, reserve some capacity for adding more, targeting 62,000. Ethereum is also aligned, short directly below 1980. That’s all for now. Today is the 24th of the lunar December, Little New Year in the South. Wishing everyone a Happy New Year!